Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-05-07
TOTAKE FRESH START
xEHfIEe rBIs MoRHIsa OF TIE PuD-
LIc.DRBr coHFKaBHcs.
4 fa.nt Hope that an Agreement Hay
Yet be Arrived At-Her
scnal, 10.

The debt conference, which on We'd
nesday took recess until to-day, will
meet this morning at 10 o'clock at the
Allen house, when, il is hoped, that
work will be resumed.
The two-days' intermission was given
so that Messrs. Thornton and Braitb-
waite might cable the Bondholders'
Council, and il is hoped and belieSed
that the commissioners are now. or
soon will be, prepared 10 make pro-
position. The legislative committee
say that so far the visiting gentlemen
have only made ga suggestion"
WHAT IT WAS.
That suggestion was that instead OF
net revenues amounting TO 1854, WOper
annum, we could by cconomizing in ap-
preparations to the public schools, luna
tic asylums. disabled soldiers, &c, run
the amount up TO between eleven
and twelve hundred thousand dollars.
All this sum, they thought, should go
TO the payment OF interest, and they do
not want the principal Of the debt cut
down at all.
TIE DDIDfNG LINE.
The bondholders ask for their undi.
minished principal (s3l, 900, 600 and
for the capitalization OF overdue con-
pons lover 81, ,000, ,000), and for interest
TO the amount OF 81, 100, 900 or 81, 20O,-
COO per annum.
We offer SD. .c0O,OO principal and
$780, 600 interest.
This is a pretty wide gap, but there
are some members OF the Legislative
committee who are not yet altogether
hopeless. They proceed upon the
theory that since they have been here
Messrs. Thornton and Brai,hwsite have
learned facts which forbid the idea that
the people of Virginia democrats and
Republicans) will suffer any very great
departure from the terms of the Rid
dleberger bill, and that il there is not a
settlement made soon, then-worse will
come.
GOOD PROSPECT, HE SAYS.
A member of the General Assembly
whose name would carry great weight
with il could it be used said last night
to Dispatch representative: "Yes,
sir, l think We are going to settle. L
think the prospect is first-rate. i have
all along been of the opinion that Sir
Edward Thornton and Mr. Braithwaite
were greatly in earnest in this matter,
and / believe that they will propose
terms which it will be possible for us
to accept.
This gentleman seemed TO be much
influenced in his opinion 10y the fact
that Messrs. Thornton and Braithwaite
have been advised 10y the bondholders'
best friends here that they will be able
now to effect better settlement than
ever hereafter.
All the members of the General As
sembly do not share in this sangnine
view. but nevertheless it is u certain
fact that mt least one half Of the num-
ber Of members Of the Legislative COM
mittec have within the past day or two
had their hopes wonderfully revived.
FROM OVER THE SRA.
One Of the rumors of tho hotels last
night was that Sir Edward Thornton
and Mr.. Braithwaite had received tele-
graphic adyices from the bondholders'
council authorizing them TO close with
our committee upon such basis as their
investigation shows 10 oe advisable.
BOON THE BASIS WHEREOF DOTH NOT
APPEAR.
Mr.. Douverie was at the Capitol yes
terday. and he remarked to friend
that he left Messrs. Thornton and
BIaithwaite at the hotel figuring. IL
is not certainly known that they will
complete their calculations by the time
the conference rrasScmbles this morn
ing, and if not the legislative commit
tee may give them a day or two longer.
1T present the Dispatch can only
say that, though the basis Of hope by
no means cloarly,appears, the feeling
that something will come out of the
conference was booming" last
night. The effect was evident, bat the
cause could not bc found.